A national restaurant chain is composed of 6500 restaurants, each of which is located in close proximity to an
interstate highway. The restaurant's business strategy is to serve its core customer base: people travelling on the
interstate highway system who are looking for a quality dining experience. Customers generally enjoy the
restaurant chain's menu, atmosphere, and consistency from restaurant to restaurant. The company's leadership,
located at corporate headquarters, is very interested in the relationship between the cost of a gallon of gasoline
and the company's revenue. Specifically, the company is concerned that if gasoline prices rise in the near future,
the company's revenue will decline dramatically. The company's research department recently collected data for
analysis in order to support leadership's upcoming discussion of whether the company should expand and diversify
to locations away from an interstate highway. Annual revenue figures from a random sample of 150 restaurants
were collected. The research division also collected and calculated the average annual cost of gasoline af these
150 restaurants by randomly selecting three gasoline stations near each restaurant. Historical data was then used
to calculate the average annual cost of gasoline. The Restaurant Number, Geographic Region, Annual Revenue,
Average Cost of Gasoline, Miles from the Interstate, Square Footage and Annual Increase in Revenue were
collected for these 150 restaurants.
Create a histogram with a 0.20 bin width of the Average Cost of Gasoline data. From your visual analysis, describe
the shape and center of the distribution. Select the correct choice below and fill in the answer box to complete your
choice.
(Type an integer or decimal rounded to the nearest tenth as needed.)
A. The distribution is bimodal with the typical Average Cost of Gasoline around $
B. The distribution is left-skewed with the typical Average Cost of Gasoline around $
C. The distribution is symmetric and unimodal with the typical Average Cost of Gasoline around $
D. The distribution is right-skewed with the typical Average Cost of Gasoline around $